Mr. Pascal Saint-Amans:

-----give the Chairman my understanding from the my position as the head of the secretariat dealing with tax at the OECD. The tax action plan we submitted as well as the report we issued in February are the result of technical work by the delegates from all our member countries and by the delegates form a number of non-member countries, the G20 countries in particular, India, China, South Africa, Brazil, Indonesia, Russia and a few others. This work is consensual. We work by consensus at the OECD. Consensus means that a document, a recommendation or a report is adopted when nobody objects to it any more or, to put it more positively, when everybody agrees. It is my understanding that the US Government agrees with the action plan, as it is. Without unveiling secrets of negotiations, I can tell the Chairman that the US has been very active in promoting this work. This work was initiated last year and the US was very active in promoting this new approach to tackle base erosion profit shifting and it was also very active in developing the action plan. I think the US supports this report, as was shown at the Committee on Fiscal Affairs, the CFA, a few weeks ago where the action plan was adopted, and also more recently at the G20 meeting where all the G20 countries indicated that they fully endorsed, to use that term, this action plan.